Canadian National
Canadian National
BNSF
AAR: Rail Carload Freight Reaches Highest Level in More Than a Year
WASHINGTON — Carload freight volume on U.S. railroads reached its highest level in more than a year during the week ended Feb. 27, the Association of American Railroads reported. U.S. railroads originated 290,261 carloads during the week ended Feb. 27, up 2.6 percent from the comparable week in 2009 and the highest level reported since the week ended Dec. 6, 2008. However, the total was still down 13.5 percent from comparison week in 2008. In order to offer a complete picture of the progress in rail traffic, AAR now reports 2010 weekly rail traffic with comparison weeks in both 2009
Canadian National
CN Employees Raise Money for Haiti Relief Efforts
MONTREAL — CN’s employee relief fund for Haiti has generated more than C$460,000 for the Red Cross to assist the agency’s continued relief efforts in Haiti, following the devastating earthquake on Jan. 10. Claude Mongeau, president and chief executive officer of CN, said: “The needs for recovery in Haiti are enormous, and the response of CN’s employees in the wake of this tragedy is inspiring. The success of CN’s employee relief fund for Haiti is a testament to the generosity of our railroaders across North America. The earthquake has taken much from so many Haitians, and we are pleased to be
Canadian National
CN Announces New $100M Calgary Logistics Park
CALGARY — CN announced plans to establish a new $100-million CN Calgary Logistics Park in Conrich, located in Rocky View County north east of Calgary. The 680-acre park is planned to include a state-of-the-art intermodal terminal with room for customers to co-locate with CN and custom build their facility in place. The Logistics Park will be designed to include a multi commodity transload and warehouse facility, an automotive compound, and a liquid/bulk transload and distribution facility. The site is strategically located a few miles east of the Calgary Airport, on Twp Road 250/ McKnight Boulevard, providing fluid access to Stoney Trail
Canadian National
CN Reports Q4-2009 Net Income
MONTREAL — CN reported its financial and operating results for the fourth quarter and year ended Dec. 31, 2009. Fourth-quarter and full-year 2009 highlights: — Net income and diluted earnings per share for the final quarter of 2009 increased two per cent from the year-earlier period to C$582 million and C$1.23, respectively. The results included an after-tax gain of C$59 million (C$0.12 per diluted share) from a line-sale to Metrolinx, a transit agency in Toronto, and a deferred income tax recovery of C$99 million (C$0.21 per diluted share). — Excluding these items, adjusted fourth-quarter 2009 net income was C$424 million,
BNSF
Feds Announce New Safety Standards for Freight and Passenger Trains
WASHINGTON — U.S. Transportation Secretary Ray LaHood and Federal Railroad Administration (FRA) Administrator Joseph Szabo on Jan. 12 announced historic safety regulations requiring that Positive Train Control (PTC) technology be installed on the nation’s major rail lines as well as commuter and intercity passenger rail routes.
Canadian National
CN Board of Directors Recognizes Outgoing President and CEO, E. Hunter Harrison
MONTREAL — David G. A. McLean, chairman of the board of directors of CN, acknowledged the remarkable career of CN’s outgoing president and chief executive officer E. Hunter Harrison. “On behalf of CN’s board of directors, I would like to thank Hunter for the outstanding leadership and service that he has provided to this company. His innovative Precision Railroading model and tireless dedication has led to the creation of a great North American railroad and will leave this company well positioned for future success,” said McLean. “As Hunter prepares to step down from the company and from its board of
Canadian National
Canadian National
Arbitrator to Decide Wage and Benefit Issues for CN Locomotive Engineers
MONTREAL — Unresolved wage and benefits issues for 1,700 CN locomotive engineers in Canada will be submitted to binding arbitration after renewed negotiations between the company and Teamsters Canada Rail Conference (TCRC) ended yesterday without a settlement. The company and union agreed, as part of the memorandum of settlement that ended the TCRC’s strike Dec. 2 to third-party arbitration of wage and benefits issues if further talks failed to resolve their contractual differences. The federal Minister of Labour will now appoint an arbitrator, who will have 90 days following his or her appointment to report to the Minister with a